Industry Analysis & Industry Trends
The Hearing Aid Clinics industry has contracted slightly during the past five years as declines in insurance coverage and consumer income combined with rising hearing aid prices. During the next five years, however, the industry is expected to improve, largely due to the implementation of the Patient Protection and Affordable Care Act. In addition, the number of individuals suffering from hearing deficiencies is expected to remain high as a result of the diabetes epidemic, the rising use of mobile music devices and an aging US population.... purchase to read more
Industry Report - Industry Locations Chapter
The location of hearing aid clinics largely follows the geographic distribution of the population. The Southeast is home to 26.4% of industry establishments since this region accounts for roughly one-quarter of the US population. Additionally, Florida accounts for the second highest number of clinics by state, due in part to the numerous retirement communities located there. Hearing aid clinics have a tendency to be located near retirement facilities because 41.9% of consumers who wear hearing aids are older than 65.
The West and Mid-Atlantic account for 16.8% and 14.8% of hearing aid clinics, respectively. These two regions are also the second and third largest regions by population size... purchase to read more